Technical
Financial
Distress signals
Property profile

57 Gleneida Ave Carmel, NY 10512

OFF-MARKET
Investment properties
Property ID
US63-2122621
1,538 SF 0.08 ac lot Built 1920
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents two adjoining storefronts located at 57-59 Gleneida Avenue in the heart of Carmel Hamlet, New York, 10512. Listed at $490,000, this property offers significant potential for a variety of retail businesses. The combined space previously housed a well-established food establishment, suggesting a history of successful commercial activity. The property boasts a highly desirable location in the center of town, ensuring excellent visibility and accessibility for customers. Conveniently situated, the property benefits from access to public sewer and public water, eliminating the need for costly private systems. The precise square footage of each storefront is not specified, but the combined space offers ample room for a variety of retail uses. This property is an excellent opportunity for an investor seeking a strong foothold in a thriving community. The address is 57 Gleneida Ave, Carmel Hamlet, Putnam County, New York. The property's latitude and longitude coordinates are 41.4271231 and -73.6792585 respectively. This turnkey opportunity awaits a discerning buyer.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 1,538 SF
Lot 0.08 ac (3,486 SF)
Zoning code C
APN 372000 44.18-1-8
UPID US63-2122621

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

57 Gleneida Ave Carmel, NY 10512-1209
Carmel metro Census 11502 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2021
Last sale
$450,000
3 recorded transactions
2021
$450,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C · Carmel, NY
Zoning description

C. No existing building shall be demolished to accommodate the uses set forth herein, unless the Planning Board, after consultation with the Building Inspector, determines that the dwelling is uninhabitable and cannot be…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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